Hey @Spencer Cuello, like my buds said, stay away from that.

My wife and I finally found our path to our first rental!

When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

I've got one rental property and would like to add to my portfolio.

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

My thoughts as well.

My 5 year old started Elementary in our neighborhood.

The only real advantage to using an FHA loan is to offer only 3.5% down payment, which in my opinion is barely justified as an advantage. 

I actually used to live in the area and self-managed all my properties while I was there.

Hold on while I get my popcorn………..